Bankruptcy affects people of every age, creed, sex or ethnicity from every part of the country. Even celebrities both loved and disliked have their financial problems and depend on the bankruptcy laws to get out from under crippling debt.
Walter Elias “Walt” Disney (December 5, 1901 – December 15, 1966) was an American entrepreneur, animator, voice actor and film producer. A pioneer of the American animation industry, he introduced several developments in the production of cartoons. As a film producer, Disney holds the record for most Academy Awards earned by an individual, having won twenty-two Oscars from 59 nominations. He was presented with two Golden Globe Special Achievement Awards and an Emmy Award, among other honors. Several of his films are included in the National Film Registry by the Library of Congress.
Walt Disney was born on December 5, 1901, at 1249 Tripp
Avenue, in Chicago’s Hermosa neighborhood. He was the fourth son of Elias Disney — born in the Province of Canada, to Irish parents — and Flora (née Call), an American of German and English descent. Aside from Disney, Elias and Call’s sons were Herbert, Raymond and Roy; the couple had a fifth child, Ruth, in December 1903. In 1906, when Disney was four, the family moved to a farm in Marceline, Missouri, where his uncle Robert had just purchased land. In Marceline, Disney developed his interest in drawing when he was paid to draw the horse of a retired neighborhood doctor.
Disney is considered an international cultural icon, particularly in the United States, where the company he co-founded exists today as one of the world’s largest and best-known entertainment companies.
WHEN Disney filed for personal bankruptcy is hard to say. Sources say 1920, 1922 and 1923. Disney created an animation company called Newman Laugh-O-Grams and was promised $11,000.00 by Pictorial Clubs for six cartoons. Disney’s company gave Pictorial the cartoons, but Pictorial soon filed bankruptcy and did not pay Laugh-O-Grams. The company produced a 12-minutes version of Alice in Wonderland, but by then the company itself filed for bankruptcy in 1923. Disney moved to California where he finally found fame by creating … of course, Oswald the Lucky Rabbit.
Hmm? Why, what animated character did you THINK I meant?
Despite its founder’s prior bankruptcy, the Disney company did well enough to buy Marvel Comics, which itself filed bankruptcy in 1996.
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